Shockwave of War Is Rippling Through the Global Economy
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(Bloomberg) — The global economy’s first collective health check since war broke out in the Middle East will arrive in the form of business surveys from the US to the euro zone.
Colombia to End Controversial $9 Billion Swiss Franc Swap by May
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(Bloomberg) — Colombia expects to unwind its controversial swap in Swiss francs at a profit ahead of the presidential election in May, marking the end of a key pillar of its unconventional debt strategy.
Stocks and Bonds Fall as No End to War in Sight: Markets Wrap
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(Bloomberg) — Turmoil in the Middle East sparked fresh losses in stocks and bonds, with fears about an escalation of the war in Iran boosting oil prices as anxiety builds around the potential economic fallout of the conflict.
UBS Gets Final Nod for US Bank License Amid Growth Push
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(Bloomberg) — UBS Group AG has been given the green light for a full-blown US bank license in a boost for the bank’s ambitions to grow in the region.
Norway’s Central Bank Speeds Up Move to Publish Rate Minutes
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(Bloomberg) — Norway’s central bank will boost transparency of its monetary policy decisions from next week, expediting the plan after a year of close scrutiny into the credibility of its communications.
Swiss Ban Arms Exports to US During Iran War Over Neutrality
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(Bloomberg) — Switzerland will temporarily stop exports linked to any new US arms and ammunition orders, citing its tradition of neutrality amid the Iran war.
Novartis to Buy Breast Cancer Drug for as Much as $3 Billion
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(Bloomberg) — Novartis AG agreed to buy an experimental breast cancer drug from Synnovation Therapeutics for as much as $3 billion to bolster its oncology pipeline.
Stocks Pare Losses as Oil Eases on Hormuz Hopes: Markets Wrap
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(Bloomberg) — Volatility eased across asset classes as oil’s early surge petered out, with stocks and bonds bouncing from session lows after Israel said it’s helping the US open the vital Strait of Hormuz.
SNB Takes ‘Holistic’ View on Franc’s Appreciation, Schlegel Says
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(Bloomberg) — The Swiss National Bank uses a whole range of indicators to judge whether the franc has strengthened too far, according to President Martin Schlegel.
SNB Restates Increased Resolve on Franc as Rate Held at Zero
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(Bloomberg) — The Swiss National Bank restated its heightened readiness to sell the franc as officials held back again from the more drastic step of cutting borrowing costs into negative territory.
Watch Exports Bounced Back in February Before War in Middle East
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(Bloomberg) — Swiss watch exports returned to growth last month as US demand continued an uneven recovery from the fallout over trade tariffs.
Hearing-Aid Stocks Face Uncertain Road After Game-Changing Deal
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(Bloomberg) — A potentially game-changing deal in the hearing-aid industry is poised to increase pressure on some of Europe’s worst-performing health care shares.
Stocks and Bonds Drop as War Spurs Oil, Fed Holds: Markets Wrap
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(Bloomberg) — Wall Street remained on edge as an oil surge drove stocks and bonds lower, while Federal Reserve Chair Jerome Powell said uncertainty about the war’s impact on inflation made future rate policy harder to forecast.
SNB Is About to Reveal Its Resolve on Franc Strength
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(Bloomberg) — The Swiss National Bank’s determination to cap gains in the franc will draw the spotlight in a decision that is likely to avoid the more drastic option of negative borrowing costs.
Stocks Stage Cautious Advance as Oil Tops $96: Markets Wrap
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(Bloomberg) — Wall Street staged a cautious advance, with stocks rising as traders tried to look through the potential implications of higher oil prices to inflation as the war in Iran showed no signs of abating.
UBS Urges Weaker Capital Reforms as Swiss Decision Nears
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(Bloomberg) — UBS Group AG is still seeking to convince the Swiss government to water down its plans for fresh capital requirements on the lender as a decision on the matter is expected soon.
SNB President Martin Schlegel’s Salary Is Now $1.2 Million
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(Bloomberg) — Swiss National Bank President Martin Schlegel received a salary of 986,200 Swiss francs ($1.2 million) in 2025, ensuring he remains one of the world’s best-paid central bank chiefs.
SNB Refrained From FX Interventions After No-Manipulation Pledge
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(Bloomberg) — The Swiss National Bank largely kept out of currency markets in the final three months of 2025, avoiding interventions after it promised to the US not to steer the franc for an economic advantage.
Swiss Population Cap Has 45% Support Despite Government Pushback
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(Bloomberg) — A plan by Switzerland’s right-wing People’s Party to cap the country’s population at 10 million still has strong support from the public despite repeated pushback by politicians and business leaders against such a move.
Oil Declines, Giving Stocks and Bonds a Boost: Markets Wrap
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(Bloomberg) — A slide in oil prices lifted stocks and bonds on hopes that more tankers will be able to traverse the Strait of Hormuz, with signals that rich nations could release more stockpiles also helping sentiment.
